INSUBCONTINENT EXCLUSIVE:
Federal Reserve has increased its interest rates by a quarter percentage point to a range of 5.25-5.50%, marking the highest level in 22
years.This rate hike, the 11th since March 2022, was enacted without clear indication of further planned increases in the near future.This
strategy is used to curb inflation by making credit more costly, thereby discouraging consumption and investment activities that escalate
prices.The United States Federal Reserve building in Washington, DC.As a result, inflation in June decreased to a 3% annual rate, its lowest
these increases in response to rising inflation, after keeping rates near-zero to boost the economy during the COVID-19 pandemic.Despite the
central bank, Jerome Powell, emphasized that returning to the 2% inflation target will require considerable time and effort.Furthermore, the
GDP data for the second quarter.Current expectations predict a 2% growth rate in annual projection, while the International Monetary Fund
